Bridgepoint completed the acquisition of a majority stake in MyDefence.

Bridgepoint, a private asset growth investor, completed the acquisition of a majority stake in MyDefence, a specialist developer of counter drone technology. Financial terms were not disclosed. “We are delighted to partner with the Bridgepoint team. Their extensive presence worldwide and their experience helping companies grow is valuable to us. Adding us to Bridgepoint's vast network not only gives us financial support, but it also puts us on a path for faster development and innovation. C-UAS systems are among the most important next-generation defence technologies and MyDefence is at the forefront of all cutting-edge innovations required to meet the difficulties facing drone defence today," Dan Hermansen, MyDefence CEO.